PENTA CAPITAL FINANCE CORPORATION, VS. THE HONORABLE TEODORO BAY, PRESIDING JUDGE OF THE REGIONAL TRIAL COURT, QUEZON CITY, BRANCH 86; ANGELITO ACOSTA, DEPUTY SHERIFF OF RTC QC BRANCH 86; BIBIANO REYNOSO IV, AND COMMERCIAL CREDIT CORPORATION OF QUEZON CITY.

Ruling

Accordingly, said complaint is hereby DISMISSED. By reason of said complaint, defendant Bibiano Reynoso IV suffered degradation, humiliation and mental anguish. On the counterclaim, which the Court finds to be meritorious, plaintiff corporation is hereby ordered: a) to pay defendant the sum of P185,000.00 plus 14% interest per annum from October 2, 1980 until fully paid; b) to pay defendant P3,639,470.82 plus interest thereon at the rate of 14% per annum from June 24, 1981, the date of filing of Amended Answer, until fully paid; from this amount may be deducted the remaining obligation of defendant under the promissory note of October 24, 1977, in the sum of P9,738.00 plus penalty at the rate of 1% per month from December 24, 1977 until fully paid; c) to pay defendants P200,000.00 as moral damages; d) to pay defendants P100,000.00 as exemplary damages; e) to pay defendants ?25,000.00 as and for attorney's fees; plus costs of the suit. SO ORDERED.